the new proposed Indonesian law in Indonesia is for new coming foreign investor. MKH has been there. Should not be affected. I don't think the new proposed law will be implemented as the new president sure want to boost the economy and attract new investors.
for mkh, plantation's earning is an extra earning. core business still property development. the output of ffb will be get improved from earlier of 21mt/ha/year to 23mt/ha/year in lateset quarter. even with the current low cpo price, they still can get profit about 500 per mt as the cpo cost per mt is about 1,470.
actually price share flutuate. If u think the price is ok. Jus buy and keep. More discount more worth buy more. This is a share that u can keep n no need to worry. with all the bonus and dividend given. Then u will smile. =).
As expected... I once do the same who being the seller in the sell down.. But now need brave to brave when it coming down. Given TP 5.70 again. 5.70- 3.70.. RM2 profit. =)
1. Market values MKH at RM1.5 bil similar to Matrix Concept. But the latter does not have plantation .. 2. IOI bought Unico for RM1 bil for similar hectarage. MKH's property undervalued at RM500 mil. 3. At RM5.70, MKH is valued at RM2.4 bil. Is this value reasonable? 4. Public bank holds 10% interest .. solid support.
Indonesia earlier on had proposed a controversial bill to limit foreign ownership to 30% for plantation stocks. MKH share price was negatively affected by the proposed controversial bill. Recently Indonesia lawmakers had decided against the controversial bill and there will be de-risking of MKH plantation assets which will lead to gradual price upside for MKH from now. If the coming Q3 results is better than Q2, it will further propel MKH price upward.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
courage
203 posts
Posted by courage > 2014-09-04 10:57 | Report Abuse
lelong price over......should be stable now